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While not exactly like the Bible description FICO is very much like the biblical "Mark of The Best" in the way it controls our money life.
“He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” Revelation 13:16-17"
The mark of the beast?
Almost everyone in the world will get the mark of the beast. There are many reasons why people will choose to get the mark:
It will be required for everyone.....FICO is required.
There will be severe penalties for refusing the mark of the beast ..FICO can make it impossible to borrow or buy
There will be great rewards for getting the mark of the beast...a good FICO means you can buy or borrow
People will believe they are honoring God by receiving the mark of the beast..FICO is the "God" measure for money
People will be afraid of not getting the mark of the beast..FICO makes people afraid to borrow when they need to or to make independent choices
Peer pressure – most other people are getting the mark of the beast..FICO is a measure of the person you are to many people. It's more important that it should be
Financial pressure – can’t buy or sell without the mark of the beast...FICO is the measure we all must be put to when we need to borrow.
every American has to have one or else there will be a penalty!
Think about it.
FICO- although it has such a strong hold...it is really fabricated and tied directly to the financial industry.
I own my car and home outright and if I 'never' change my auto policy...I'll never need my FICO ever again! Hopefully.
FICO stock is ~26.x now...higher than in Mar 2008. It may becoming irrelevant, but it's not reflected in the stock as it has more than doubled off its 2009 lows.
To me, fico and credit scoring are a very weird way to control people.
-Much like how social security number use has changed over the years. It was never originally to be a form of ID, or a way to track you, but "they" I guess decided otherwise. And your SS number morphed into something else.
-The fico thing is weird, since they exclude so many items that people pay monthly on (like your rent). Wouldn't paying your rent on time every month count towards your credit worthiness? Or paying rent increases for a number of years. I think they excluded items of the poor, so they could raise their borrowing costs.
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